Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Malaysia - 2023
Contents:
- Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Malaysia (CIF) - 2022
- Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Malaysia (FOB) - 2022
- Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Malaysia
- Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Malaysia
Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Malaysia (CIF) - 2022
In 2022, the average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) amounted to $460 per ton, rising by 32% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the average import price increased by 46%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($1,346 per ton), while the price for India stood at $442 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+23.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Malaysia (FOB) - 2022
The average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) stood at $952 per ton in 2022, with an increase of 262% against the previous year. In general, the export price continues to indicate a noticeable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($4,237 per ton), while the average price for exports to Singapore ($198 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+21.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Malaysia
In 2022, after three years of growth, there was decline in supplies from abroad of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn), when their volume decreased by -0.9% to 3.6K tons. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +14.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.7% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 28% against the previous year.
In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) soared to $1.7M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 387 | 567 | 880 | 1,553 | 58.9% |
| Thailand | 277 | 136 | 92.3 | 80.7 | -33.7% |
| United States | 137 | 142 | 117 | N/A | -7.6% |
| Pakistan | 49.7 | 59.0 | 103 | N/A | 44.0% |
| Turkey | 45.6 | 159 | 27.4 | N/A | -22.5% |
| Others | 55.1 | 42.6 | 40.6 | 17.0 | -32.4% |
| Total | 951 | 1,105 | 1,260 | 1,651 | 20.2% |
Top Suppliers of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) to Malaysia in 2022:
- India (3.5K tons)
- Thailand (0.1K tons)
Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Malaysia
In 2022, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) from Malaysia reduced remarkably to 125 tons, which is down by -96.6% compared with 2021 figures. In general, exports faced a sharp descent. The smallest decline of -6.4% was in 2020.
In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) dropped significantly to $119K in 2022. Over the period under review, exports recorded a precipitous decrease. The smallest decline of -14.9% was in 2020.
| Export of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 325 | 371 | 84.1 | 45.4 | -48.1% |
| Ghana | 93.7 | 64.0 | 34.2 | 40.1 | -24.6% |
| Bangladesh | 252 | 208 | 53.9 | 32.0 | -49.7% |
| Singapore | 2,550 | 1,773 | 416 | 1.6 | -91.4% |
| Thailand | N/A | 290 | 224 | N/A | -22.8% |
| Others | 153 | 164 | 163 | N/A | 3.2% |
| Total | 3,373 | 2,870 | 975 | 119 | -67.2% |
Top Export Markets for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) from Malaysia in 2022:
- Indonesia (100.0 tons)
- Ghana (9.5 tons)
- Singapore (8.0 tons)
- Bangladesh (7.7 tons)
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